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Speaker 1: Anyone expecting a lolly scramble from the government today is

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Speaker 1: going to be disappointed. At best, you might get one

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Speaker 1: or two Old Worther's originals, and they don't taste very nice.

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Speaker 1: As we've been talking about for the last few weeks,

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Speaker 1: this government can't politically splash cash when oils forcing inflation up.

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Speaker 1: The sixty billion borrowed and spent during the pandemic, half

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Speaker 1: by the way, not actually on COVID expenses, was fuel

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Speaker 1: on the fire to an already raging inflation inferno. The

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Speaker 1: Reserve Bank and government were both blowing into the same sale.

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Speaker 1: That was the problem. It got us up on the

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Speaker 1: foils for a while, ultimately just delayed the pain when

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Speaker 1: now still feeling. The new governor, import from Sweden, will

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Speaker 1: give a key speech later today, published online after markets

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Speaker 1: open nine am, with a hint of how they'll react

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Speaker 1: to the latest international catastrophe that's come to reach our shores.

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Speaker 1: Any width of central government planning to borrow and spend

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Speaker 1: to cushion the blow would complicate her job quite markedly.

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Speaker 1: The reality is, when the shite hits the fan, things

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Speaker 1: get messy. Somebody has to pay. There is no free ride,

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Speaker 1: no free bus, no free train, no free lunch. If

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Speaker 1: we don't pay today, we will pay tomorrow. And let's

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Speaker 1: not forget we're now officially on notice from at least

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Speaker 1: one of the big rating agencies. We need to be cutting,

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Speaker 1: not borrowing more, balancing the books, not setting them on

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Speaker 1: fire again. For more from Early Edition with Ryan Bridge,

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Speaker 1: listen live to News Talks at B from five am weekdays,

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Speaker 1: or follow the podcast on iHeartRadio.